Ares Capital Corporation Buyback
OLI recorded this information on 9/28/2015
Company: |
Ares Capital Corporation |
Buyback: |
ARCC buyback |
$Amount Authorized: |
$100,000,000 |
Buyback Details: |
Ares Capital Corporation (NASDAQ:ARCC) announced today that its Board of Directors has approved a stock repurchase program. Pursuant to the program, Ares Capital is authorized to repurchase up to $100 million in the aggregate of its outstanding common stock in the open market at certain thresholds below its net asset value per share, in accordance with the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing, manner, price and amount of any share repurchases will be determined by Ares Capital, in its discretion, based upon the evaluation of economic and market conditions, stock price, applicable legal and regulatory requirements and other factors. |
Ares Capital is a closed-end, non-diversified management investment company. Co.'s investment objective is to generate both current income and capital appreciation through debt and equity investments.
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